High potential coins to invest in today : Ripple (XRP), Siacoin (SC) & Po.et (POE)
Ripple has had a stellar week breaking above the $0.60 level. This pump is largely attributed to the massive pump in the entire market in the last 48 hours. A pump that also saw bitcoin push up by over $1000.
Ripple has also benefited from the rumor that it could be added on Coinbase.
If the current sentiment on the internet is anything to go by, there is a good chance that Ripple will increase in price in the near future.
In the last 24 hours, Ripple has been mentioned around 69 times on different platforms, and out of those, 69% of them are positive. That’s an indicator that there is strong buying pressure in the market to support a further increase in price. The current drop of around 8% could just be a correction, before Ripple continues on its upwards surge. Further upward momentum could come if Ripple is declared a currency by U.S authorities.
If Ripple overcomes this regulatory hurdle, it could easily break back above $1 within 2018. The upside potential for this crypto is high.
Siacoin is one of the biggest gainers in the day, pushing up by more than 20% in the last few hours. At the moment, Siacoin is benefiting from the reopening of mass account registrations on Bittrex. This has pushed up trading volumes for most altcoins, and Siacoin is one of the biggest gainers. It is also benefiting from the launch of the Siafunds tokenized securities offering. This is now live and is driving investors into this crypto since it will increase its intrinsic value. This launch is also coming at a time when Siacoin has reached over 100k subscribers on Twitter. Clearly, there is a strong investor interest in this crypto at the moment due to its fundamentals.
It is also benefiting from the market wide gains that have seen bitcoin gain more than $1000 in just under 2 days. If this market wide pump continues, coupled with Siacoin’s strong fundamentals, then this coin is poised to make even bigger gains in coming days.
This is one of the most interesting blockchain projects out there because it targets a segment of the market where there is a strong demand for blockchain driven solutions, and that’s the area of copyrights. Po.et is designed to make current copyright laws obsolete because it allows for content verification on the blockchain.
Like the rest of the crypto market, Po.et has made some major gains in the last few days. However, it seems to have a stronger upside momentum than most major cryptos at the moment. Today, Bitcoin has eased some 3%, but Po.et is up by over 4% in intraday trading. It is an indication that there is a strong bullish momentum in Po.et at the moment.
This is most likely being pushed by the announcement that Po.et will be launching a WordPress page, where bloggers can automatically submit blog articles.
Altcoins Get the Axe as Binance Removes Low Volume Trading Pairs
- Binance has delisted five altcoin trading pairs following low volume.
- The exchange says the delistings will improve liquidity and user trading experience.
Leading crypto exchange Binance has removed several low-volume altcoin trading pairs.
On Nov. 1, the exchange announced that five altcoin trading pairs had been delisted from the exchange following an extended period of low volume trading: ATOM/PAX, BTS/BNB, CVC/BNB, ETC/PAX, and REP/BNB.
The delisting went into effect as of Friday morning,
To improve liquidity and user trading experience among our wide range of available assets, Binance will remove and cease trading on the following trading pairs at 2019/11/01 8:00 AM (UTC).
Low trading volume, particularly when paired with the native currency BNB, has resulted in slippage following the execution of trades, harming the exchange’s liquidity.
As Binance continues to curate its offering to improve the experience of users, the North American division has been active in adding new tokens. Earlier in the week, Binance.US announced the addition of NEO, ATOM and WAVES.
Altcoins, Bitcoin, Still with no Buyers in Hand
During the last 24 hours, cryptocurrencies continued retracing and presenting modest losses, buyers lacking the volume to push them further up. Bitcoin (-1.26%), Ethereum (-1.86%), Ripple ( -1.15%), Bitcoin Cash (-0.97%), Bitcoin SV (-4%) denote the kind of descents that happened. Neo (+5.21%) continued its ascents, followed by Ontology (+5.26%) and VET(+5.76%) and, notably, XAS (+18%) and IRIS (15%). Among Ethereum Tokens, MOF jumped 62.12%, followed by Numeraire – NMR (65%), IOST(17.49%), and OCEAN( 16%).
The Crypto market cap descended 2.51% to $245.56 billion on a 17% less traded volume ($35.682 billion) in the last 24 hours. Bitcoin dominance is currently 67.39%.
On 31 October 2008, Satoshi Nakamoto released its Bitcoin paper. Bitcoin’s ideas of a new financial system with no central authorities and everyone being his own bank led to the creation of a whole new industry.
The publicity department of the Central Committee of China’s Communist party has released a set of 25 educational videos on Bitcoin, Ethereum, and Blockchain technology.
A bitcoin fund offered by3iQ Corp. has been approved by the Ontario Securities Commission (OSC). The Bitcoin Fund is a closed-ended product and will be included in the Canadian Stock Exchange.
Binance US exchange will include NEO and Cosmos (ATOM). Neo is a decentralized and open-source blockchain application platform, becoming the first blockchain member to be added to Microsoft’s .NET Foundation. The Cosmos blockchain platform acts as an arbitrator between different blockchain networks.
On its daily chart, we can see that Bitcoin is approaching its +1SD Bollinger line and is mostly out of the oversold region. The price is held by its 200-day SMA, and the MACD is healthy bullish. Therefore we see its daily outlook quite bullish.
The 4H chart shows the price moves between 0.38% and 0.5% retracement levels, with its volume descending. Thus, it seems the 0.5 level acts as a strong support level. The confluence of this Sudo-Fibonacci level and the $9,000 key level make us think buyers will hold this level. The question is, how much time will it remain as is?. The obvious answer is volume: we should monitor when volume comes back as this will indicate the next leg up.
Ripple continues moving in the lower side of the range between $0.293 and 0.3065, held bu the 50-period SMA. The MACD still shows bearish bias, and the price has bounced off of the mid-Bollinger line and moves below the -1SD line. That changes a bit its short-term outlook, but the daily timeframe still shows positive signs to more upside. But since the $0.306 level is such strong resistance, it is better to be in the sidelines until it is definitively breached.
Ethereum is following the same weakness of the Bitcoin and XRP. The price had a drop on Wednesday down to $179, bouncing from there but not able to cross the mid-Bollinger line it is moving below its -1SD line, while the traded volume keeps descending. MAC is still showing bearish bias. The current levels to keep are $188 and $179, but we have to keep an eye on volume, as said earlier, and, obviously, at BTC’s behavior.
Litecoin did not change much from yesterday’s outlook. The price crossed the triangular formation to the downside but did not break the $57.74 level, so it basically is moving in a range. MACD is showing signs of turning up, and the small bodies shown can signal a bottoming area.
As with the rest of the coins analyzed here, we need to observe an increase in the volume and the price moving to the upper side of the Bollinger bands. The two most important levels to have an eye on are $ 61.8 and $57.74
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ETH, LTC, BCH Altcoin Price Prediction
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
After a short-lived bull revival when the prices of most of the top coins went through the roof, the cryptocurrency market experienced a major correction. Yesterday, all of the top 10 coins were located in the green zone, but all of them are facing a decline today. Bitcoin SV remains the biggest loser, plunging by 7.23%.
Let’s take a look at the market cap of Ethereum, Bitcoin Cash, and Litecoin.
|Name||Ticker||Market Cap||Price||Volume (24h)||Change (24h)|
|Ethereum||ETH||$165 303 044 059||$9 175,77||$32 433 533 643||-4.83%|
|Bitcoin Cash||BCH||$4 531 444 036||$250,64||$3 228 652 080||-6.58%|
|Litecoin||LTC||$3 611 867 388||$56,83||$4 516 514 170||-3.17%|
Two days ago, Ethereum followed the bullish run of Bitcoin. The peak price that was recorded on the Bitfinex exchange was at around $199. Today, bears have already pushed back the price of the second largest altcoin to $180.
Even though ETH was followed in Bitcoin’s footsteps, it failed to show such a huge uptick as the leading cryptocurrency, which skyrocketed by more than 20%. On the 1D chart, Ethereum is trying to break above the bearish line formed at the end of June 2019.
However, it is unlikely to happen anytime soon given that the market is currently trapped in the bearish trend. Moreover, the recent price growth was not accompanied by a huge spike in trading volume. Summing up, if bulls do not manage to break above the bearish trend line, the support level at $155 will be reached by mid-November.
Ethereum is trading at $179.91 at press time.
The recent growth of the cryptocurrency market has affected the price of Bitcoin Cash. The controversial Bitcoin hard fork has come back to the levels that were seen at the end of September 2019.
According to the graph above, the bigger picture has not changed. BCH continues moving within the bearish cycle. The current price is located between its 100 MA and 50 MA, which confirms the ongoing decline. In addition, the price blast that took place two days ago cannot be considered as an organic (it was rather an artificial pump).
Respectively, the closest level at $240 will be reached soon. If BCH cannot hold it, the bears will push the price up to $200.
Bitcoin Cash is trading at $250.18 at press time.
In terms of Litecoin, the growth has positively affected the price of the ’digital silver’ not just in the short-term, but in the long-term as well. The coin has gained 5% over the last 7 days.
On the 1D chart, Litecoin has formed a bullish divergence, according to the RSI indicator. The bottom of $50 has been passed, and LTC is staging a much-awaited reversal. Currently, the focus is on the $60 price level.
If buyers can break it, the bullish trend will start, but there should be a high-volume breakout.
Litecoin is trading at $56.53 at press time.